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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H,12 (For Immediate R e l e a s e ) September 2 3 , 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY A l l i n d u s t r i a l c l a s s i f i c a t i o n s p a r t i c i p a t e d i n t h e i n c r e a s e of $338 m i l l i o n i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s a t w e e k l y r e p o r t i n g member banks during t h e week ended September 1 6 , T h i s was t h e l a r g e s t w e e k l y i n c r e a s e i n t h e s e l o a n s s i n c e December 2 0 , 1950, which was a l s o around a q u a r t e r l y t a x d a t e . The p r i n c i p a l i n c r e a s e s were $92 m i l l i o n i n l o a n s t o manufacturers of f o o d , l i q u o r , and tobacco p r o d u c t s , $59 m i l l i o n t o p u b l i c u t i l i t i e s , $ m i l l i o n t o manufacturers and producers of petroleum, c o a l , c h e m i c a l s , an rubber p r o d u c t s , and $27 m i l l i o n t o commodity d e a l e r s , Loans t o manufact u r e r s of m e t a l s and metal p r o d u c t s i n c r e a s e d $10 m i l l i o n y f o l l o w i n g n e t d e c r e a s e s i n nine of t h e p r e c e d i n g t w e l v e w e e k s , Changes i n l o a n s d u r i n g t h e week and s i n c e mid-year are shown below$ t h e t h i r d column shows t h e changes d u r i n g t h e comparable p e r i o d l a s t year: B u s i n e s s of Borrower Week ended / September 162/ Cumulative s i n c e mid-year June 2Ur Corresponding 1953 E/ p e r i o d , 1952 ( I n m i l l i o n s of d o l l a r s ) Manufacturing and mining: Food, l i q u o r , and t o b a c c o T e x t i l e s , a p p a r e l , and l e a t h e r Metals and m e t a l p r o d u c t s Petroleum, c o a l , c h e m i c a l s , and rubber Other manufacturing and mining + 92 + 8 + 10 +122 + 79 - 69 +25U + 67 -19U + 29 + 2 + U0 + 16 +123 + 35 + + + + + + 19 27 25 59 10 20 + 11 + 32 - 13 +127 + 17 + 93 - 2 +2U6 + 69 - 98 + 22 +118 C l a s s i f i e d changes - net U n c l a s s i f i e d changes - n e t +300 + 38 +U56 + U2 +6I4I + 91 Net change i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l l o a n s +338 +U98 +732 Trade — w h o l e s a l e and r e t a i l Commodity d e a l e r s S a l e s f i n a n c e companies Public u t i l i t i e s & transportation Construction Other t y p e s of b u s i n e s s p/ P r e l i m i n a r y ; s e e f o o t n o t e on a t t a c h e d t a b l e , CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPIE OF WEEKLY REPORTING M M E BANKS E BR BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, SEPTEMBER 1 6 , 1953 H.12(a) New York Manufacturing and mining: Food, l i q u o r , and t o b a c c o T e x t i l e s , a p p a r e l , and l e a t h e r M e t a l s and metal products ( i n c l u d i n g machinery & t r a n s p o r t a t i o n equipment) Petroleum, c o a l , c h e m i c a l s , and rubber Other manufacturing and mining P h i l a - Cleve-I Rich- . mond Atlanta Chicago d e l p h i a land (In m i l l i o n s of d o l l a r s ) +92.0 * .9 + 1.2 +55.9 + 7.9 + 9.6 428.9 — l.U - 3.0 + 1.2 +12.9 - 2.1 + U* 0 + .k - .u — .2 — #2 + .7 + 3.2 + 1.8 Commodity d e a l e r s +13. u + .7 S a l e s f i n a n c e companies +30,3 +59.1 +10.1 + 1.3 - »ii + U.i + 2,0 |*18.8| (including transportation) Construction .8 + .2 + .2 .7 - .7 loans^Z + .9 + .1 + 1.5 - 2.7 .7 - .U + + 1.6 I % : 2 : t : d : 1-J + 1.9 + .h + 5.7 — L«i - 1.9 - 3.2 - lto - + .2 + *5 + 2.1 + .5 + .1 + .1 + .2 - ,h ,3 + 2.7 + *6 + + 2.1 + .8 - .6 + .9 + 5.0 + *h * * .6 + li.o * .2 - .3 + 5.5 +11.0 +13.0 +3.0 + 6.0 +51.0 .1 - .1 .5 + .6 — .2 .3 - .6 + .1 + U.3 - .2 — #3 + U.6 ) ( r - .u *7 + .6 - *5 + 3*0 .2 - ,3 - 1.3 + 1*3 * 1*1 - .1 + 1.7 .8 + + 1.2 + 1.5 + *1 * - .9 + l.ii. * 1.3 * A - 2.8 • 3.0 <25.6 +19.0 + 6.0 - 3.0 + 6:0 .3 +300.2 - U n c l a s s i f i e d changes - n e t Net change i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans L.it + 3.6 + .9 #2 - +10.8 + 2.2 + .7 + 5.2 + .2 + 2.1 + 1 . 1 + 3.0 + — .Ij. +1*7.3 + .2 A l l other types of business Net change i n c l a s s i f i e d + + 7.1 - .6 +10.5 Trade j Wholesale Retail Public u t i l i t i e s + 8.1 +18.9 + .5 San FranS t . Minne- Kansas D a l l a s c i s c o P/ Louis a p o l i s C i t y +338,0 .k » 5,0 .9 *180.0 p / P r e l i m i n a r y , f i n a l t o t a l s - 1 1 1 appear i n t h e F.R. B u l l e t i n aM San Francisoo D i s t r i c t f i n a l f i b r e s appear i n a r e l e a s e of the Reserve Ban*.